WTW collaborates with academic researchers to quantify security impacts of climate change

WTW has unveiled a new collaboration between its WTW Research Network (WRN), and two academic researchers, designed to support the brokers advisory services on key security aspects of climate change, which are often seen as being overlooked, and rarely quantified.

This includes: the geopolitical implications of climate-related migration, resource conflict and nationalization, and water and food insecurity, as well as the effects that these stressors will have on the international business environment overall.

The academic researchers collaborating with WTW are: Cullen Hendrix, a senior fellow at the Peterson Institute of International Economics, and senior research fellow at the Center for Climate & Security; and Ida Rudolfsen, a senior researcher at the Peace Research Institute Oslo, and Doctoral Researcher at Uppsala University’s Department of Peace and Conflict Research.

Cullen Hendrix, commented: “Meeting humanity’s needs for food, water, and energy are not the defining challenges of our times – they’re the defining challenges of all times. They’re the challenges that must be met day after day, over and over, before any other goals can be achieved. And that challenge is growing increasingly difficult as climate change harms global food systems and requires a shift away from fossil fuels, creating incredible opportunities but also large downside risks. With all of this playing out in an era of rising geopolitical tensions, I’m proud to partner with WTW, a global leader in insurance markets and risk modeling. Together, we’ll help clients understand and navigate this landscape so they – and the world at large – can be ready.”

Ida Rudolfsen, said: “I look forward to collaborating with WTW, where I will provide insights on the connections between food insecurity and conflict. This collaboration underscores WTW´s commitment to address global challenges through data-driven analysis and innovative solutions. This partnership represents an opportunity to leverage cutting-edge research and analysis to inform decision-making processes. I am happy to contribute with my expertise to their efforts and look forward to advancing our understanding of these complex issues in the current political landscape.”

Graham Knight, Global Head of Natural Resources, WTW, added: “As we support clients for in their risk management strategy, the availability of natural resources such as water and critical minerals, and the ensuing strategic competition around green technologies are key considerations. Being able to lean on authoritative research is essential to support our advisory and placement services, and we look forward to leveraging these partnerships for the benefit of our clients.”

WTW recently partnered with Ukrainian insurer, VUSO, to provide a London market-backed facility covering cargo and war-on-land risks.

In their results for the first quarter of 2024, WTW posted 5% organic revenue growth to more than $2.34 billion, however Group net income fell by 6% year-on-year to $194 million.

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